NEW YORK, Aug. 14, 2017 /PRNewswire/ --
"The global floating power plant market is projected to grow
at a CAGR of 10.11%, from 2017 to 2022"
The floating power
plant market is expected to grow from an estimated USD 889.6 million in 2017 to USD 1,440.1 million by 2022, at a CAGR of 10.11%,
from 2017 to 2022. The factors driving the market include
increasing demand for power, coupled with the lack of power
infrastructure, benefits over land based power plants (majorly as
it eliminates the land acquisition related problems), and energy
efficiency mandates and demand for clean energy (renewable energy
source). High capital cost associated with transportation,
logistics, and accessibility issues is a key restraint for the
growth of the floating power plant market.
Read the full report:
http://www.reportlinker.com/p05059897/Floating-Power-Plant-Market-by-Power-Source-Non-Renewable-Capacity-and-Region-Global-Forecast-to.html
"Renewable: The fastest growing segment of the floating power
plant market, by power source"
The renewable power source
segment is estimated to be the fastest growing segment, due to the
increasing demand for energy efficiency mandates and demand for
clean energy (renewable energy source), combined with the problems
related to land acquisition in relation with the construction of
power plants. Further, the floating offshore wind minimizes the
problems faced by the offshore wind industry, at water depths
greater than 60 meters, and is expected to drive the renewable
power source segment during the forecast period.
"20.1 MW–100 MW: The fastest growing segment of the floating
power plant market, by capacity"
The 20.1 MW to 100 MW
capacity segment is estimated to be the fastest growing segment,
owing to the increase in projects for floating solar and wind. This
segment is expected to account for most of the shares of the
renewable power sources by 2022 and the rise in demand for clean
energy would drive this segment.
"Europe: The fastest growing
regional segment of the floating power plant market"
The
European region is expected to be the fastest growing segment of
the floating power plant industry, as the European region has the
highest offshore wind potential, and the countries in the region
are focusing on energy generation from renewable sources. According
to the European Commission, Europe
has set a target of 20% energy generation from renewable sources.
Thus, the European region is expected to grow at the fastest
rate.
Breakdown of Primaries:
In-depth interviews have been
conducted with various key industry participants, subject-matter
experts, corporate-level executives of key market players, and
industry consultants, among other experts, to obtain and verify
critical qualitative and quantitative information, as well as to
assess future market prospects. The distribution of primary
interviews is as follows:
By Company Type: Tier 1-60%, Tier 2-27%, and Tier 3-13%
By Designation: C-Level-35%, Manager-Level-25%, and Others-40%
By Region: North America-40%,
Europe-25%, Asia-Pacific-20%, and Rest of the
World-15%
Note: Others includes engineers, power article writers, and
research scholars etc.
Note: Tier 1 Company- Revenue>1 billion, Tier 2 Company- Revenue
between 500 million–1 billion, and Tier 3 Company- Revenue 100
million–500 million
The leading players in this industry have been profiled, along
with their recent developments and other strategic activities.
These include MAN Diesel & Turbo SE (Germany), Mitsubishi Corporation (Japan), Wartsila (Finland), General Electric Company (U.S.),
Siemens AG (Germany), Caterpillar,
Inc. (U.S.), Ciel & Terre International (France), Floating Power Plant A/S
(Denmark), Ideol (France), Kyocera Corporation (Japan), Principle Power, Inc.(U.S.), Upsolar
(Hong Kong), Vikram Solar Pvt.,
Ltd. (India), Yingli Solar (China), and SeaTwirl AB, (Sweden) among others.
Research Coverage
The report segments the floating
power plant market, on the basis of power sources, into, renewable
and non-renewable. The renewable power source segment has been
segmented, on the basis of energy sources, into solar and wind. The
solar energy source segment has been segmented on the basis of key
components, into solar panels and floating structures. The wind
energy source segment has been segmented, on the basis of key
components, into wind turbines and sub-structures. The
non-renewable power source segment has been segmented, on the basis
of key components, into gas turbines and IC engines. The combined
(i.e. the renewable and non-renewable) global floating power plant
market has been segmented by region, into North America, Europe, Asia-Pacific, and the rest of the world. Each
region has been further analyzed based on key country-level
markets.
Why buy this report?
1. The report identifies and addresses key markets for floating
power plant solutions, which is useful for suppliers and OEMs to
review production and distribution plans.
2. The report helps manufacturers understand the pulse of the
market and provides insights on drivers, restraints, and
challenges. The report includes analyses of key countries, by
energy source and key components. It analyzes historical trends and
forecasts for 2022, which assists in strategic decision-making.
3. The report will help OEMs better understand their competitors'
strategies and will help in making strategic decisions. It also
presents the competition by analyzing recent market developments
such as key contracts, expansions, and new product launches by key
global market players.
Read the full report:
http://www.reportlinker.com/p05059897/Floating-Power-Plant-Market-by-Power-Source-Non-Renewable-Capacity-and-Region-Global-Forecast-to.html
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